Massachusetts Casinos Set Another Revenue Record, October Win Totals $96M

Massachusetts casinos hold through with(p) it again. Encore Hub of the Universe Harbor, MGM Springfield, and Plainridge Park combined to win $95.98 billion inward October, which is in time another monthly revenue record book for the tell gaming industry.

Massachusetts’ iii casinos readiness their previous all-time best 144 gaming revenue (GGR) score only if inwards July when they collectively kept $95.74 million. The robust business organisation finally month resulted inwards the res publica receiving to a greater extent than $26.8 one thousand thousand in associated gaming taxes.

Encore and MGM for each one percentage 25 percent of their gaming win with the state. Plainridge Park, the slots-only facility, directs 49 percent of its depot bear with the Boston capital.

Wynn Resorts’ $2.4 one million million cassino destination, located crosswise the Mystic River from downtown Hub of the Universe in Everett, continues to overlook the market. Encore reported a come Oct GGR of $62.8 million. The casino’s revenue was spreading crosswise the floor, as its slots won $32.2 gazillion and tabularise $30.6 million.

MGM was a remote indorsement at $21.4 million. However, the Springfield casino predominantly made its revenue sour its one-armed bandit machines ($16.8 million). Plainridge’s terminals kept $11.7 million.

Plainridge Problem

October was the best month on record for Massachusetts’ gaming manufacture as a whole, but non for Plainridge Park. While Encore saw its GGR increase 9.2 percent from September, and MGM to a greater extent than 10 percent, Plainridge experient a month-to-month declination of 1.7 percent.

Plainridge, the oldest casino in the Commonwealth, is owned and operated past William Penn National Gaming and its real acres investment trust, Gaming and Leisure Properties. There are plentifulness of concerns inwards the neighborhood that the of late rebranded casinos inwards nearby Rhode Island — Bally’s Twin Falls River Abraham Lincoln Casino Resort and Bally’s Tiverton Casino & Hotel — are poaching to a greater extent and to a greater extent players from southeastern Massachusetts.

It could catch worse, as Bally’s Twin Falls River is currently embarking on a $100 1000000 expanding upon that testament result inwards 40,000 square up feet of young gaming space, a spa, an entertainment venue, and ornamental upgrades throughout the holiday resort and 136-room hotel.

The 2 Bally’s properties both offer up tabulate games and sports betting — something Plainridge does not. Plainridge is a Category 2 facility, import it canful only when house one-armed bandit machines. In interchange for being taxed higher than the deuce Category 1 casinos, Plainridge’s one-time slots licence fee was $25 meg instead of the $85 meg MGM and Wynn paid the Commonwealth.

The Category 1 licenses are also required to place at least $500 meg into their resort properties. Plainridge’s Category 2 license mandates only if a minimum capital investment of $125 million.

Two state lawmakers who interpret the Plainridge region are seeking to allow the slots cassino to include tabularize games. But the House banknote has failed to pass on come out of committee.

Sports Betting Latest

Four of the V states that portion a butt on with Massachusetts now make regulated sports betting operational. State lawmakers make mulled such gaming expanding upon since the Supreme Margaret Court gave states the right to make out so in May of 2018.

But with the 2021 legislative session forthcoming its end, the odds of a invoice beingness passed by the Nov 17 shut of legislative stage business seem long. Senate No. 269, a banker's bill that seeks to legitimate sports gambling on professional person sports at the state’s trine casinos, found some impulse inwards a Senate citizens committee before this year but has been atmospheric static since July.